TotalEnergies SE (NYSE:TTE) Shares Purchased by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 9.0% during the third quarter, Holdings Channel reports. The firm owned 10,798 shares of the company’s stock after buying an additional 896 shares during the period. Trustmark National Bank Trust Department’s holdings in TotalEnergies were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC bought a new stake in TotalEnergies during the first quarter worth approximately $29,000. Boit C F David acquired a new position in TotalEnergies during the 3rd quarter worth $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the 3rd quarter valued at $32,000. Finally, Eastern Bank acquired a new stake in shares of TotalEnergies during the 3rd quarter valued at about $32,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Down 0.9 %

Shares of NYSE:TTE opened at $59.99 on Friday. TotalEnergies SE has a 52-week low of $58.46 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $141.65 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.97 and a beta of 0.64. The stock has a 50 day moving average price of $64.98 and a 200-day moving average price of $67.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank reduced their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.75.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.